Independent Advisor Alliance Increases Stake in S&P Global Inc. (NYSE:SPGI)

Independent Advisor Alliance lifted its stake in S&P Global Inc. (NYSE:SPGI) by 13.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,298 shares of the business services provider’s stock after purchasing an additional 1,369 shares during the quarter. Independent Advisor Alliance’s holdings in S&P Global were worth $5,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Wellington Management Group LLP raised its position in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after buying an additional 292,436 shares during the last quarter. Geode Capital Management LLC raised its position in S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after buying an additional 113,146 shares during the last quarter. FMR LLC raised its position in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after buying an additional 28,458 shares during the last quarter. Finally, Amundi raised its position in S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after buying an additional 145,434 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company raised their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Evercore ISI raised their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Down 1.6 %

NYSE SPGI opened at $480.51 on Wednesday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $514.52 and its 200-day simple moving average is $511.46. The firm has a market cap of $147.90 billion, a PE ratio of 38.91, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the firm posted $3.13 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.